Answer:
to reduce the inequality in the distribution of wealth.
Explanation:
Socialism is an economic system where the means of production is held by the public. Production and distribution decisions are made by the public. This reduces the inequality in the distribution of wealth.
This contrasts with the capitalist economic system where means of production are privately held. Production and distribution decisions are made by the market forces, which leads to inefficiency. There's also class division in a capitalist system as there's inequality in the distribution of wealth.
The capitalist economic system create incentives to encourage entrepreneurs to create jobs and economic growth.
I hope my answer helps you.
Answer:
which of the following is not considered a credit?
overdraft fee
Explanation:
Answer:
The cost of the ending inventory is $3,960
Explanation:
Under fifo method of valuation the unit are expensed in cost of good sold statement in order of their purchase. The purchase price of unit purchase first are charged in profit and loss account when sale is made. So the cost cost assign to ending inventory will be that of last purchase made. Detail calculation is given below.
Total Stock Remaining =26 units
10 units at 160 dollars = $ 1600
12 units at 150 dollars = $ 1800
4 units at 140 dollars = $ 560
Total value = $3,960
